Sourindra Nath Mukherjee

SAT-appeal

• Challenge to SEBI recovery proceedings initiated against past directors in connection with refund directions arising from issuance of Redeemable Preference Shares.
  Recovery proceedings initiated by SEBI's Recovery Officer against the appellants were quashed. · Appeal No. 335 of 2016 and Appeal No. 3 of 2017 were disposed of with no order as to costs.
  Appeal: Appeal No. 335 of 2016 and Appeal No. 3 of 2017 disposed of by SAT on 18 August 2017; recovery proceedings quashed.
• Basil International Ltd and directors allegedly mobilised funds via issuance of Redeemable Preference Shares with promised returns requiring refund to investors.
  Delay of 504 days in Appeal No. 335 of 2016 condoned · Recovery proceedings by SEBI Recovery Officer against past-director appellants quashed